VAT ON IMMOVABLE PROPERTY UPDATE – COURTESY OF EY

VAT on Immovable Property Update: Circulars on the Implementation

Further to the amending VAT legislation (details in our November VAT Newsletter) on building land and immovable property leasing, Cyprus House of Parliament and Tax Department have released Regulations and Circulars respectively, clarifying the applicability of VAT imposition on non-developed land as well as on commercial rents taxation.

Please click here to read the newsletter ey-cyprus-vat-newsletter-on-immovable-property-implementation-update